Business Segments

6 Months Ended

Jan. 31, 2023

Segment Reporting [Abstract]

Business Segments

Business Segments

The Company has three reportable segments, all related to recreational vehicles: (1) North American towables, (2) North American motorized and (3) European. The operations of the Company's Postle and Airxcel subsidiaries are included in “Other”, along with the operations of Roadpass Digital through December 30, 2022 as discussed in Note 9 to the Condensed Consolidated Financial Statements. Net sales included in Other related primarily to the sale of specialized component parts and aluminum extrusions. Intercompany eliminations adjust for Postle and Airxcel sales to the Company’s North American towables and North American motorized segments, which are consummated at established transfer prices generally consistent with the selling prices of products to third parties.

The following tables reflect certain financial information by reportable segment:

	Three Months Ended January 31,				Six Months Ended January 31,
NET SALES:	2023		2022		2023		2022
Recreational vehicles
North American Towables	$	829,751	$	1,985,088	$	2,147,557	$	4,225,922
North American Motorized	738,583		976,806		1,862,102		1,901,834
Total North America	1,568,334		2,961,894		4,009,659		6,127,756
European	646,938		723,730		1,151,240		1,356,727
Total recreational vehicles	2,215,272		3,685,624		5,160,899		7,484,483
Other	164,859		294,146		397,507		551,976
Intercompany eliminations	(33,496)		(104,752)		(103,687)		(203,217)
Total	$	2,346,635	$	3,875,018	$	5,454,719	$	7,833,242

	Three Months Ended January 31,				Six Months Ended January 31,
INCOME (LOSS) BEFORE INCOME TAXES:	2023		2022		2023		2022
Recreational vehicles
North American Towables	$	(7,119)	$	275,895	$	103,888	$	542,177
North American Motorized	61,544		104,037		185,977		192,935
Total North America	54,425		379,932		289,865		735,112
European	12,015		9,665		5,547		(8,311)
Total recreational vehicles	66,440		389,597		295,412		726,801
Other, net	8,289		23,092		13,034		46,621
Corporate	(42,011)		(66,436)		(96,457)		(114,327)
Total	$	32,718	$	346,253	$	211,989	$	659,095

TOTAL ASSETS:	January 31, 2023		July 31, 2022
Recreational vehicles
North American Towables	$	1,573,865	$	2,040,841
North American Motorized	1,417,512		1,239,476
Total North America	2,991,377		3,280,317
European	2,702,873		2,449,270
Total recreational vehicles	5,694,250		5,729,587
Other	1,109,967		1,272,829
Corporate	507,743		405,716
Total	$	7,311,960	$	7,408,132

DEPRECIATION AND INTANGIBLE AMORTIZATION EXPENSE:	Three Months Ended January 31,				Six Months Ended January 31,
	2023		2022		2023		2022
Recreational vehicles
North American Towables	$	15,028	$	16,313	$	30,465	$	32,615
North American Motorized	8,172		7,107		16,333		14,129
Total North America	23,200		23,420		46,798		46,744
European	28,713		33,696		56,015		68,409
Total recreational vehicles	51,913		57,116		102,813		115,153
Other	15,338		18,357		30,986		24,837
Corporate	431		422		876		858
Total	$	67,682	$	75,895	$	134,675	$	140,848

	Three Months Ended January 31,				Six Months Ended January 31,
CAPITAL ACQUISITIONS:	2023		2022		2023		2022
Recreational vehicles
North American Towables	$	16,820	$	21,479	$	37,994	$	34,613
North American Motorized	10,266		6,691		29,330		15,320
Total North America	27,086		28,170		67,324		49,933
European	12,151		39,425		21,071		54,227
Total recreational vehicles	39,237		67,595		88,395		104,160
Other	7,957		7,763		12,769		12,180
Corporate	151		49		271		83
Total	$	47,345	$	75,407	$	101,435	$	116,423